Investors are marking Russia and Nigeria, where current account surpluses and reserves are slowly eroding, as the next likely victim of the rolling emerging market crisis, as well as a “double deficit club” of economies. Rather than looking simply at a country’s external reliance on capital – which prompted investors […]
Business News
Nedbank Mulls Ecobank Governance Issues Before Deciding on Stake
Nedbank Group Ltd. (NED), the South African lender controlled by Old Mutual Plc (OML), said it would consider governance issues before deciding whether to exercise an option to buy a stake in Ecobank Transnational Inc. (ETI) Nedbank has until the end of November to convert the $285 million loan it […]
Dixons and Carphone Warehouse in merger talks
Dixons Retail, the owner of Currys and PC World, and mobile phone retailer Carphone Warehouse have said they are in talks over a possible merger. The companies said the talks were at a very early stage and there could be no certainty a merger would take place. They also said […]
